Remote Vehicle Shutdown Market Size, Share, Trends, Growth, and Industry Analysis, By System (Manual, Automatic), By End-User (Personal Use, Commercial Use), By Vehicle Type (Passenger Vehicles, Transport Vehicles), Regional Insights and Forecast to 2031

Global Remote Vehicle Shutdown Market size was USD 450.64 million in 2022 and is predicted to reach USD 819.95 million in 2031, exhibiting at CAGR of 8.87% ,during the forecast period.

The remote vehicle shutdown system is used in automobiles. This is a device that uses radio pulses to help the user disable the car via the remote within a 50-meter radius. The remote vehicle lockdown devices are being combined with a comprehensive security device that provides complete vehicle security, inclusive of GPS tracking and an anti-theft security alarm.

The Remote vehicle shutdown systems are electronic devices mounted on vehicles that cut off the fuel supply and ignition power of the vehicles from a distant location. These systems are equipped with GPS trackers that are connected to the power supply, ignition, and starter motor circuits of vehicles, which enables these systems to shut down vehicles and prevent them from restarting. These systems alert the user through a remote device or mobile application by using short- or long-range networks. Pressing a switch on the remote device or mobile app delivers a coded command to the receiver of the system, which cuts the engine power and immobilises the vehicle. Remote vehicle shutdown systems are being used by businesses, law enforcement agencies, and individuals to prevent the misuse of vehicles by rogue elements. Parents are also using these systems to prevent their underage children from using vehicles.

A remote shutdown device is very helpful in these terrible days to prevent hijacking and theft by burglars. This device has a system with possible manual or automated operators through satellites and wireless connections to connect with the car. This device is connected to the central circuit in the car. The transmitter and receiver receive the signal and decide whether to reduce the vehicle&rsquo,s speed or shut off the engine entirely. In the U.S., subprime auto loans are provided by the industry where the need for a remote vehicle shutdown market is found. When a borrower fails to repay, the lender uses this technology to shut off the ignition of their cars. The police department is also employing this cutting-edge technology to remotely halt high-speed chases and search for stolen or missing vehicles. According to the report of the National Insurance Crime Bureau, from 2013 to 2015, nearly 147,434 vehicles were robbed with keys and fobs left in the cars, which reflects 56% of the rise in car robberies, and from 2016 to 2018, approximately 229,339 car robberies were done in the U.S., and stolen cars amounted to 209 cars every day.

REPORT SCOPE &, SEGMENTATION:

Market Dynamics:

• The increase in vehicle and cargo thefts requires automated systems that help protect the vehicle or cargo from hijacking or robbing. These systems are equipped with complex electronics and alarm systems. Transportation is at a standstill due to thefts. A remote immobilization system prevents vehicle thefts and helps recover valuable things like goods and cargo from lost vehicles. Hence, this factor accelerates market growth. It provides complete vehicle security, like GPS tracking and an anti-theft security alarm.
• Due to the engine&rsquo,s lockdown, privacy issues, and risk of vehicle damage, these factors are anticipated to hamper the growth of the market.
• Automotive and transportation manufacturers are investing a huge amount in the development of advanced technologies for the protection of vehicles. Multinational corporations like General Motors and Scania AB are participating in the development of such technologies to protect the vehicle. These are the opportunities to accelerate market growth. ,
• The use of remote vehicle shutdown systems by businesses or law enforcement agencies endangers the lives of drivers. Several incidences have been reported where the use of a remote immobiliser resulted in accidents and traffic congestion as vehicles stopped in the middle of the road, endangering the lives of drivers. Furthermore, these devices are prone to cyberattacks, thereby causing conce s regarding their applications and hampering the market.

Regional Analysis

The remote vehicle shutdown market is analyzed, and market size and volume information is provided by country, type, propulsion, vehicle type, and application, as referred to above.

Based on regional analysis, the remote vehicle shutdown market is segmented into four main regions: North America, Europe, Asia-Pacific, and the Rest of the World. Out of these regions, North America is the leading region in the market due to the growing conce s about vehicle security. In the US, the emerging country of Califo ia has the highest motor vehicle theft rate, which leads to an increase in demand for the market. For rising vehicle theft cases in this region, Asia-Pacific is expected to be the fastest-growing region. ,

The country section of the report also includes individual market impacting factors and changes in regulation in the market that affect current and future market trends. Data points like downstream and upstream value chain analysis, technical trends, Porter',s five forces analysis, and case studies are some of the indicators used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape

Due to the presence of leading producers, the remote vehicle shutdown market has a high degree of concentration. The following are a few of the major companies active in the remote vehicle shutdown market:

• 3B+D
• 3Built LLC.
• CalAmp
• CEBS
• Coban
• Connect2Car Inc.
• Dragon Bridge (SZ)Tech Co., Ltd
• Fleetsmart
• FleetUp
• GPS and Track, LLC
• MINE SAFETY APPLIANCES COMPANY
• Neltronics
• OnStar, LLC.
• Shenzhen Eelink Communication Technology Co., Ltd
• Xmarton

Segmentations

By System

• Manual
• Automatic

By Vehicle Type

• Passenger Vehicles
• Transport Vehicles
• Others

By End-User

• Personal Use
• Commercial Use

Regional Outlook

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Norway
  • Netherlands
  • Sweden
  • United Kingdom
  • France
  • Germany
  • Others

• North America
  • United States
  • Canada

• Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Others